Economy

Economic renaissance in Libya: The stakes of the appointment of the new governor of the Central Bank

The announcement of the appointment of Naji Mohamed Issa Belqasem as the new governor of the Central Bank of Libya has sparked both anticipation and speculation. With a strong background as a central bank director, Belqasem has received unanimous support from the eastern parliament for his leadership. The appointment of Mari Muftah Rahil Barrasi as deputy governor further strengthens the leadership team. This transition marks a watershed moment for the Libyan economy as the country seeks to establish stability and continuity in its financial institutions. However, ongoing political tensions among the country’s various stakeholders underscore the broader challenges facing Libya. Belqasem now faces the daunting task of guiding the country’s financial institutions toward transparency, efficiency, and resilience. His ability to navigate political pressures and promote dialogue and consensus will be critical to ensuring sustainable growth and prosperity for all Libyans.

By fatshimetrie
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Ecology

Rehabilitation of Federal Highways in Nigeria: A Crucial Step Towards Progress

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The article “Rehabilitation of Federal Highways in Nigeria: A Crucial Step Towards Progress” highlights the government’s recent efforts to improve the country’s road infrastructure. Initiatives to rehabilitate key highways such as Enugu-Port Harcourt and Ore-Ondo-Akure have been lauded by the tanker drivers’ union, which stresses the importance of good roads to ensure smooth supply of petroleum products. Despite these advances, concerns persist, including the state of the Calabar-Itu Federal Highway and the excessive actions of the Task Force to Prevent the Movement of Adulterated Petroleum Products. Cooperation between the authorities and transport stakeholders is essential to ensure safe roads and maintain a stable supply of fuel.

Economy

Renewed partnership for sustainable energy access in Nigeria

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The renewed partnership between All-On and the United States Africa Development Foundation (USADF) aims to improve access to off-grid energy in Nigeria. With a financial commitment of $10 million over three years, these organizations are supporting sustainable energy initiatives. The program invests in local businesses and promotes women’s empowerment, digital innovation, and sustainable development. Together, they aim to strengthen Nigeria’s energy economy for a secure and prosperous future. This partnership marks another promising step towards universal access to sustainable and affordable energy in Nigeria.

Economy

Challenges and Issues of Monetary Policy in Nigeria

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The Nigerian economy is booming, marked by a significant increase in banks’ borrowings from the Central Bank as well as deposits in the Deposit Standing Facility. Recent data show a significant increase in banks’ borrowings and deposits, following the CBN’s interest rate adjustments. This restrictive monetary policy is aimed at controlling inflation, but poses challenges for real sector businesses. Despite a possible pause in the rate hike cycle, the balance between combating inflation and stimulating economic growth remains a key concern.

Politics

Protest and repression in Nigeria: When the voice of the people challenges power

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Amid social unrest in Nigeria, organizers of protests against poor governance are facing pressure from the government and the police, asserting their determination despite obstacles. Tensions persist between the authorities and protesters, highlighting the country’s critical issues. The issue of citizen security and respect for the law remain at the heart of the debate, highlighting the need for peaceful and inclusive solutions for a more just and prosperous future for all.

International

The assassination of the director of Fatshimetrie in Goma: Revelations and the quest for justice

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The article reports on the tragic assassination of the director of Fatshimetrie in Goma, Edmond Bahati, and the progress of the investigation conducted by military intelligence. The main suspects, Dieme Bauma and Elisha Hemedi, have been identified, raising questions about the motive for this crime. Local authorities have committed to bringing those responsible to justice, stressing the importance of security and justice for the community. The article highlights the impact of Edmond Bahati within Catholic radio and calls for reflection on the fundamental values ​​of society. By honoring his memory, the Fatshimetrie community shows its determination to continue its mission in the service of truth.

Politics

Call for exemplary leadership: Nigerian youth sound alarm for urgent change

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In a poignant appeal, a group of young Nigerians are urging leaders to demonstrate exemplary leadership to quell anger and frustration fuelled by poor governance. They are highlighting the need for transparency and accountability for political renewal, expressing their vision through an artistic anthology. The initiative serves as a wake-up call for a society in search of justice and equity.

Politics

64th Nigeria Independence Day: United for a Prosperous Future

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On this 64th anniversary of Nigeria’s independence, leading political figures have stressed the importance of national unity and resilience to face current challenges. Goodluck Jonathan and Atiku Abubakar call for optimism and protection of democracy, while the governors of Katsina and Delta encourage patriotism and solidarity. Senator Barau Jibril highlights the need to promote national unity and support the government in its efforts. On this symbolic day, unity, resilience and solidarity are the keys to a prosperous future for Nigeria.

Politics

Nigeria Financial Scandal: Former Taraba State Governor in Remand

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A financial scandal has erupted around former Taraba State Governor Darius Ishaku, who is accused of massive embezzlement of public funds. The anti-graft agency EFCC is pursuing him for siphoning off billions of naira. The trial promises to be tense with multiple charges. The accused have denied the charges and have been remanded in custody pending their hearing. This case highlights the challenges of fighting corruption in Nigeria and underscores the importance of accountability in politics.